Tracking the mysterious rise of a UAE company
Behind the Money
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IHC's Total Assets Have Risen by 25,000 Percent in the Last Three Years
IHC's total assets had increased by more than 25,000 percent in the span of four years from 2018 to 2022. We asked them for a list of those assets so we could have a look and see just what they actually brought to the company. And then after the interview, they sent us a list of more than 40 companies with their valuations of those companies. In other words, IHC's numbers just did not add up.
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